Business, Legal & Accounting Glossary
The assets of a company that are used in the production process, such as machinery. Most often capital equipment refers to long-term assets, but it can include short-term assets as well. Such equipment will not be sold in the normal course of business but will be used, worn out or consumed over time as business is conducted.
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This glossary post was last updated: 20th February, 2020 | 7 Views.